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New Strong Buy Stocks for November 25th
ZACKS· 2024-11-25 19:40
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Donegal Group Inc. (DGICA) : This insurance holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 100% over the last 60 days.Scholastic Corporation (SCHL) : This children's publishing company has seen the Zacks Consensus Estimate for its current year earnings increasing 14.6% over the last 60 days.Powell Industries, Inc. (POWL) : This custom-engineered solutions provider has seen the Zacks Consen ...
Best Income Stocks to Buy for November 25th
ZACKS· 2024-11-25 19:30
Here are three stocks with buy rank and strong income characteristics for investors to consider today, November 25:Donegal Group Inc. (DGICA) : This insurance holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 100% the last 60 days.This Zacks Rank #1 company has a dividend yield of 4.3%, compared with the industry average of 0.3%.West Bancorporation, Inc. (WTBA) : This financial holding company has witnessed the Zacks Consensus Estimate for its current year e ...
Best Value Stocks to Buy for November 25th
ZACKS· 2024-11-25 19:20
Here are three stocks with buy rank and strong value characteristics for investors to consider today, November 25:Premier, Inc. (PINC) : This healthcare services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.Premier has a price-to-earnings ratio (P/E) of 17.70 compared with 24.87 for the S&P. The company possesses a Value Scoreof B.Scholastic Corporation (SCHL) : This children's publishing company carries a ...
Donegal (DGICA) - 2024 Q3 - Quarterly Report
2024-11-07 05:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading Symbols Name of Each Exchange on Which Registered Class A Common Stock, $.01 par value DGICA The NASDAQ Global Select Market Class B Common Stock, $.01 par value DGICB The NASDAQ Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ...
Donegal (DGICA) - 2024 Q3 - Earnings Call Transcript
2024-10-25 04:11
财务数据和关键指标变化 - 公司在2024年第三季度实现净收入1680万美元,每股收益0.51美元,尽管遭受了600万美元的灾难性损失 [2][5] - 净保费收入同比增长6%,达到2.38亿美元,净保费书写增长5.9% [5][9] - 综合比率为96.4%,较去年同期的104.5%显著改善,主要由于损失比率的下降 [5][9] 各条业务线数据和关键指标变化 - 商业保险线的净保费书写增长6.4%,主要得益于目标地区和业务类别的新业务 [10][13] - 个人保险线的净保费书写增长5.4%,但保单数量同比下降7.3% [17][18] - 商业多险种的续保率和保费增长率分别为14.5%和11.6% [13] 各个市场数据和关键指标变化 - 在气候相关损失方面,2024年第三季度的天气相关损失为2440万美元,较2023年的2570万美元有所下降 [6][7] - 由于飓风海伦的影响,个人保险线在乔治亚州的损失为580万美元 [18][19] 公司战略和发展方向和行业竞争 - 公司完成了在乔治亚州和阿拉巴马州的商业政策非续保,计划在2025年及以后专注于小型商业增长 [3][10] - 公司正在积极调整承保指南,以应对某些利润受损的业务类别,并在灾害易发地区实施强制风/雹免赔额 [12][20] 管理层对经营环境和未来前景的评论 - 管理层对未来的展望持乐观态度,认为公司正在朝着可持续的财务表现迈进 [30] - 公司将继续寻求适当的费率增长,以抵消经济通胀和索赔成本 [26] 其他重要信息 - 公司在2024年第三季度的投资收入同比增长2.8%,达到1080万美元 [28] - 公司的账面价值每股为15.22美元,较2023年末的14.39美元有所增加 [29] 问答环节所有提问和回答 问题: 公司如何应对气候变化带来的风险 - 公司正在积极多样化其财产保险组合,以优化地理分布并减轻天气相关损失的影响 [20] 问题: 对于未来的费率策略有什么计划 - 公司将继续追求费率增长,以应对经济通胀和索赔成本的上升 [26] 问题: 投资策略的变化是什么 - 公司正在逐步增加其股权投资,并从机构债务转向企业债务,以应对市场波动 [28]
Donegal Group (DGICA) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-24 20:46
Donegal Group (DGICA) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2,200%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.07 per share when it actually produced earnings of $0.11, delivering a surprise of 57.14%.Over the last four quart ...
Donegal (DGICA) - 2024 Q3 - Quarterly Results
2024-10-24 18:30
EXHIBIT 99.1 Donegal Group Inc. Announces Third Quarter and First Nine Months of 2024 Results MARIETTA, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ: DGICA) and (NASDAQ: DGICB) today reported its financial results for the third quarter and first nine months of 2024. Significant Items for third quarter of 2024 (all comparisons to third quarter of 2023): Net income of $16.8 million, or 51 cents per diluted Class A share, compared to net loss of $0.8 million, or 2 cents per Class A share N ...
Donegal Group Inc. Announces Third Quarter and First Nine Months of 2024 Results
GlobeNewswire News Room· 2024-10-24 18:30
MARIETTA, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ: DGICA) and (NASDAQ: DGICB) today reported its financial results for the third quarter and first nine months of 2024. Significant Items for third quarter of 2024 (all comparisons to third quarter of 2023): Net income of $16.8 million, or 51 cents per diluted Class A share, compared to net loss of $0.8 million, or 2 cents per Class A shareNet premiums earned increased 6.0% to $238.0 millionNet premiums written1 increased 5.9% to $232 ...
Donegal Group Inc. Announces Release Date for Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-02 03:00
MARIETTA, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) announced today that it plans to release its results for third quarter ended September 30, 2024 on Thursday, October 24, 2024, before the opening of regular trading on the NASDAQ Stock Market. The Company will provide a supplemental investor presentation in the Investors section of its website at investors.donegalgroup.com, concurrently with its earnings press release. At approximately 8:30 am ET on Thursda ...
Donegal (DGICA) - 2024 Q2 - Quarterly Report
2024-08-08 01:27
财务报表合并与会计准则 - 公司将财务报表按照美国公认会计准则(GAAP)进行合并报告[121] 保险子公司损失和赔付费用负债 - 公司保险子公司的损失和赔付费用负债估计存在重大不确定性,可能会与实际情况存在差异[122,123,124,125,126] - 公司保险子公司的损失和赔付费用负债按主要业务线划分情况[129] - 公司评估了保险子公司损失和赔付费用准备的合理变动对股东权益的影响[130,134,136] 保险子公司业务表现 - 公司使用保险子公司的准则会计(SAP)财务指标评估个人和商业线业务的表现,包括净保费承保和准则合并比率[138,139,142,143] - 公司保费收入增长8.3%,达到2.343亿美元[146] - 公司净保费收入增长9.1%,达到2.472亿美元[147] - 公司投资收益增长9.0%,达到1,110万美元[148] - 公司综合成本率为103.0%,较上年同期下降1.7个百分点[152] - 公司税后净利润为420万美元,每股收益为0.13美元[154] - 公司上半年保费收入增长7.1%,达到4.621亿美元[155] - 公司上半年净保费收入增长7.5%,达到4.986亿美元[156] - 公司上半年投资收益增长12.4%,达到2,200万美元[157] - 公司上半年综合成本率为102.7%,较上年同期下降0.3个百分点[159] - 公司上半年税后净利润有所增加[159] - 公司合并比率为102.7%和103.0%,主要由于2024年上半年费用比率下降[161] 财务指标 - 2024年上半年公司所得税费用为220万美元,有效税率为17.6%[162] - 2024年上半年公司净利润为1.01亿美元,每股A类普通股摊薄收益为0.31美元,每股B类普通股为0.28美元[163] - 公司经营活动产生的现金流量净额为2650万美元和1310万美元[165] 资本和风险管理 - 公司子公司在2023年12月31日的法定资本和盈余超过了满足监管要求所需的金额,可分配给公司的股息约为3460万美元[170] - 公司投资组合面临股票价格风险和信用风险,通过分析和定期审查进行管理[171][172] - 公司子公司通过独立代理商提供财产和意外险业务,存在集中信用风险[173][174] - 公司管理利率风险使投资组合平均久期与负债久期相匹配[175]